And You Wonder Why Americans Are Broke?
A month ago I wrote about Americans who, despite carrying an average household debt of $8, 500, continue to spend, spend, spend and rack up further debt. It's apparent--at least to me--that we have no problem spending money, even if it's money we don't have. With that post in mind, do you recall recently getting a letter from the IRS informing you about the new "economic stimulus plan" and the resulting $600 (single) to $1, 200 (married filing jointly) check that will soon be coming your way? Clearly the way out of the economic toilet this country is in--which, by the way, is a direct bi-product of Americans spending more money than they actually have--is to encourage people to spend MORE money. ...
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